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they avoid the fiscal cliff. we are talking about over $607 billion worth of money taken out of the economy next year. lou: i just want to put up the next cartoon that we have. it matters not which one you select. but this is one of my favorites. the debt commission saying it is very difficult. is very complicated and then cut spending. i don't think you could have cut better on to the essence of the issue. the absurdity creating obstacles to that resolution in washington d.c. >> but the problem here is that frankly there is a fine and out of capital that can be used up their divided either in the private sector which creates businesses and jobs and federal revenue or given to the government which is just a bureaucracy and creates nothing but bureaucratic management. if you look at the last gop congress and the expenditures, about two and half trillion dollars and now the president's proposals are about 4 trillion in spending with deficits and increased. it is the economy. lou: it truly is. and i want to also if
they avoid the fiscal cliff. we are talking about over $607 billion worth of money taken out of the economy next year. lou: i just want to put up the next cartoon that we have. it matters not which one you select. but this is one of my favorites. the debt commission saying it is very difficult. is very complicated and then cut spending. i don't think you could have cut better on to the essence of the issue. the absurdity creating obstacles to that resolution in washington d.c. >> but the...
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i want to first it your idea of what you think of the fiscal cliff. you have tough find this to be rich father. >> absolutely. i always suggest, but the best tag riders in the world work for politicians. this white hse is giving me plenty of fodder forcurtains. and it is funny to think about these events, but a very traumatic and seious. they avoid the fiscal clff. we are talking about over $607 billion worth of money taken out of the economyext year. lou: i just want to put up the next cartoon that we have. it matters not which one you select. but this is one of my favorites. the debt commission saying it is verydifficult. is very complicated and then cut spending. i don't think you could have cut better on to the essence of the issue. the absurdity creating obstacles to that resolution in washington d.c. >> but the problem here is that frankly there is a fine and out capital that can be used up their divided either in the private sector which reates businesses and jobs and federal revenue or given to the government which is just a bureaucracy and cr
i want to first it your idea of what you think of the fiscal cliff. you have tough find this to be rich father. >> absolutely. i always suggest, but the best tag riders in the world work for politicians. this white hse is giving me plenty of fodder forcurtains. and it is funny to think about these events, but a very traumatic and seious. they avoid the fiscal clff. we are talking about over $607 billion worth of money taken out of the economyext year. lou: i just want to put up the next...
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Dec 3, 2012
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. >> is the president serious about cutting spending and avoiding the fiscal cliff? congressman allen west respon responds. >> and-- >> and owed the insurance companies $150, what can we do with that. >> they've lost their homes, businesses and sense of security. is help on the way? victims of superstorm sandy. >> and how can republicans attract hispanic voters? and a look ahead who could throw their hat in the ring for 2016. ladies and gentlemen, our guest host tonight, dana perino. [applaus [applause] >> and i'm dana perino and i want to thank governor huckabee for inviting me to guest host it week while he's out on tour. it's been almost a month since the presidential election and about half the country remains elated, vindicated triumphant. they voted for president obama and are walking on cloud nine. the other half, well, not so much. they are confused, despondent, even sleepless, they wonder if the whole nation has gone quite mad and want to return it common sense not another four years on fantasy island. now, we're taught as kids to be good sportsmen, not to g
. >> is the president serious about cutting spending and avoiding the fiscal cliff? congressman allen west respon responds. >> and-- >> and owed the insurance companies $150, what can we do with that. >> they've lost their homes, businesses and sense of security. is help on the way? victims of superstorm sandy. >> and how can republicans attract hispanic voters? and a look ahead who could throw their hat in the ring for 2016. ladies and gentlemen, our guest host...
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Dec 5, 2012
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>> well, just look at speaker boehner's fiscal cliff proposal. three-page letter with three simple bullet points. that's the entire proposal to deal with the fiscal cliff and starts out with the sentence that's remarkable, tamron. first sentence is because the election is a status quo, both sides have to compromise. they didn't see what happened. they just dismissed it as a status quo election and this is not just speaker boehner we eric cantor and paul ryan, kevin mccarthy. the entire house republican leadership signed on to the so-called fiscal cliff proposal letter. they're not serious about negotiating. i don't know the right wing and the tea party of who the republican party is nowadays but it's impossible to have a deal with one side refuses to compromise even after losing. they will not accept their own defeat. >> right. >> and that is the problem. >> a.b. let's play what congressman walter jones had to say on this boehner purge. i have the full screen of what he had to say when several members were removed as identified not being team pla
>> well, just look at speaker boehner's fiscal cliff proposal. three-page letter with three simple bullet points. that's the entire proposal to deal with the fiscal cliff and starts out with the sentence that's remarkable, tamron. first sentence is because the election is a status quo, both sides have to compromise. they didn't see what happened. they just dismissed it as a status quo election and this is not just speaker boehner we eric cantor and paul ryan, kevin mccarthy. the entire...
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Nov 11, 2012
11/12
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gridlock over the so-called fiscal cliff. what's the fiscal or better put financial cliff? think of it as a high, steep rock. a ledge the u.s. is teetering on and will plunge over if no action is taken on certain financial matters. what are those? one, the bush era tax cuts. in 2001 and 2003, congress, under president george w. bush, lowered everyone's taxes. but it was only temporary, like 11 years temporary. less than two months from now midnight december 31, taxes go back up. the average household will pay more in taxes each year, $2000 to $3500 more. two, sequestration. what's that? new, big budget cuts. $110 billion in cuts in 2013 alone. they go into effect january 2, and will affect the defense budget and the domestic budget. the cbo, says unemployment could climb up over 9%, pushing the u.s. back into recession. why did this happen? an automatic sequestration or permanent set aside of $1.2 trillion was passed by congress, in order to force congress to compromise and figure out how to cut the budget itself. but, a congressional supercommittee of house and senate memb
gridlock over the so-called fiscal cliff. what's the fiscal or better put financial cliff? think of it as a high, steep rock. a ledge the u.s. is teetering on and will plunge over if no action is taken on certain financial matters. what are those? one, the bush era tax cuts. in 2001 and 2003, congress, under president george w. bush, lowered everyone's taxes. but it was only temporary, like 11 years temporary. less than two months from now midnight december 31, taxes go back up. the average...
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Nov 27, 2012
11/12
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if we let -- go over the fiscal cliff, it's going to solve our fiscal problems. the deficit will essentially go away. the bad side we're in a deep recession and the deficit will go away. this is an economy that can't afford to have 4% of our spending disappear just next year. we'll see a recession next year almost for sure and for certain. so that's the sense in which i think this is something to worry about. we want -- the recovery is faltering right now and we really don't need congress clubbing it over the head again, pushing us back down yet again. >> yet again. justin, thank you, sir, from the university of michigan. great to have you. >> thanks, alex. >> catch one of the key players in the fiscal cliff negotiations right here on "now" when senator patty murray joins us tomorrow at noon eastern. >>> and coming up after their romney nominee received just over a quarter of the latino vote republicans say they're ready to put up when it comes to comprehensive immigration reform. what are they doing about it? so far putting up a lot of window dressing. the displ
if we let -- go over the fiscal cliff, it's going to solve our fiscal problems. the deficit will essentially go away. the bad side we're in a deep recession and the deficit will go away. this is an economy that can't afford to have 4% of our spending disappear just next year. we'll see a recession next year almost for sure and for certain. so that's the sense in which i think this is something to worry about. we want -- the recovery is faltering right now and we really don't need congress...
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Oct 13, 2012
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. >> with a fiscal cliff just around the corner. we are seeing wall streeters coming out and making comments on the record. not just larry fink at black rock who warned of a 10 percent correction. but ceo's are sitting on the sidelines and not invest hiring . there is too much uncertainty about the debt and telling congress to get a move on and solve the problem . david rubenstein in one of the biggest private equity firm and founder of the carlyle group and this is what is happening. wall streeters are handicapping what they come out of the washington d.c. and he doesn't expect a grand bargain in the lame duck session . larry fink expects a deal in early 2013 and the most pointed comments are coming out of jamie diamond. he said congress missed an opportunity and virtually assure thad the treasury bond markets will lose patience with the u.s. congress and within two-five years and you will get a snap back and negative reaction from the treasury market who may not buy our u.s. bonds in force. there is a lot of feelings in the bond m
. >> with a fiscal cliff just around the corner. we are seeing wall streeters coming out and making comments on the record. not just larry fink at black rock who warned of a 10 percent correction. but ceo's are sitting on the sidelines and not invest hiring . there is too much uncertainty about the debt and telling congress to get a move on and solve the problem . david rubenstein in one of the biggest private equity firm and founder of the carlyle group and this is what is happening....
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the nation less than two months from going over the fiscal cliff. will they put the country before partisanship? the "a-team" taking that up and more. this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the aciwith prilosec otc and don't get heartburn in the first place! block the aciwith prilosec otc [ male announcer ] e pill eachmorning. 24 hours. zero heartbur ♪ lou: well, i am excited to talk to the "a-team" tonight. radio talk-show host, fox is contributor, veteran political consultant, advised president clinton, among others. the american spectator senior editor, fox news contributor. i have to start with you. you called this thing right down the line. you had the best sense of this of any strategist i talked with, and i just want to congratulate you. the idea that the republicans cannot deliver the vote. did somebody forgot to tell that many republicans it was a pretty important election, the most important of our lives. re
the nation less than two months from going over the fiscal cliff. will they put the country before partisanship? the "a-team" taking that up and more. this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the aciwith prilosec otc and don't get heartburn in the first place! block the aciwith prilosec otc [ male announcer ] e pill eachmorning. 24 hours. zero heartbur ♪...
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Dec 28, 2012
12/12
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>>> we are running out of time and the fiscal cliff talks are still caught between somewhere and nowhere. it is friday, december 28. this is "now." joining me today, white house correspondent important buzz feeds zeke miller. politico's maggie and georgetown university professor michael eric dyson. irene carmone of salon. new year's resolution important congress, kick the habit of procrastinating. >> coming up against a hard deadline here and as i said, this is a conversation we should have had months ago. >> that was senator mitch mcconnell reflecting on why congress has done so little in those 514 days since it passed the bunt control act. that legislation, of course, machine dated those automatic arbitrary spending cuts supposed to motivate congress tone act some kind of comprehensive budget reform. it hasn't worked out had a way. we are now four days away if the fiscal curb. this is the first time all of the congressional leaders met with the president since november 16 in a post-election session. and new this morning, cnbc's john heart swood reporting a mini deal could be in the wor
>>> we are running out of time and the fiscal cliff talks are still caught between somewhere and nowhere. it is friday, december 28. this is "now." joining me today, white house correspondent important buzz feeds zeke miller. politico's maggie and georgetown university professor michael eric dyson. irene carmone of salon. new year's resolution important congress, kick the habit of procrastinating. >> coming up against a hard deadline here and as i said, this is a...
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Dec 10, 2012
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it's beginning to feel like groundhog day in the talks of the fiscal cliff. both sides dug in, no agreement in sight and we're 23 days from the brink. join us to break down where it stands, two leader senators, charles schumer and bob corker. house speaker boehner said friday another week has been wasted. given president obama won the election and seems to have most of the political leverage, what's the realistic deal to be made in the next 23 days? >> first of all i think something's going to happen. i hope it's large enough for people who want to see entitlement reform to vote for. the president has leverage but the republicans have leverage with the debt ceiling, hopefully cooler heads will prevail. theorist are coming forward on how to deal with this. it's a unique moment in history where every developed country in the world, economists on both sides of the aisle know the greatest threat of the country is fiscal solvency. the minority party is trying to leverage the president into doing something great for the nation. i hope the pres see the light. >> sen
it's beginning to feel like groundhog day in the talks of the fiscal cliff. both sides dug in, no agreement in sight and we're 23 days from the brink. join us to break down where it stands, two leader senators, charles schumer and bob corker. house speaker boehner said friday another week has been wasted. given president obama won the election and seems to have most of the political leverage, what's the realistic deal to be made in the next 23 days? >> first of all i think something's...
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Dec 4, 2012
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. >> bret: ultimatum from the president on the fiscal cliff. this is "special report." ♪ ♪ >> bret: democrats and republicans agree on some things about the approaching budget deadline. both agree the other proposals are ridiculous and it's time for the other side to get serious. that is about it. today the president side seemed to dig in instead of give in. >> this is fairy dust. >> they blasted the debt proposal and vowed unless republicans give in on the tax rates, president obama let the nation fall off the fiscal cliff. >> republicans need to acknowledge reality here. rates have to go up. earlier in the presidency, obama warneded it could hurt the economy. >> the nation is no longer in recession. and american manufacturing contracted in november for the first time in three months. the president is concerned enough that he proposed tens of billions in new stimulus spending in the debt talks. >> what is the justification for raising taxes? >> the fact of the matter is that it's vitally important that we extent and the president's view ma
. >> bret: ultimatum from the president on the fiscal cliff. this is "special report." ♪ ♪ >> bret: democrats and republicans agree on some things about the approaching budget deadline. both agree the other proposals are ridiculous and it's time for the other side to get serious. that is about it. today the president side seemed to dig in instead of give in. >> this is fairy dust. >> they blasted the debt proposal and vowed unless republicans give in on the...
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Dec 15, 2012
12/12
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my general feeling in the fiscal cliff is that we don't -- this is sort of a man-made crisis. i don't think that we have this crushing budget issue that has to be dealt with at this precise moment or the world will end. i think that we are still in a very anemic recovery in there are a lot of people really startling out there across the country and that our priority should be strengthening our safety net during times of economic dress. now is not the time. in my opinion the commit to be contemplating significant cuts in things that a lot of struggling working class people who have lost grip of the middle-class, a lot of potential spending cuts that are talked about can really have a negative impact on people and a time when they needed the most. i am much more concerned about increasing poverty rates, about protecting the long-term unemployed, not necessarily worry about whether it's another three or six or nine months before we deal with the overall issues, but what i think will happen, there will do what they always do, kick the can down the road, send it out for three, six,
my general feeling in the fiscal cliff is that we don't -- this is sort of a man-made crisis. i don't think that we have this crushing budget issue that has to be dealt with at this precise moment or the world will end. i think that we are still in a very anemic recovery in there are a lot of people really startling out there across the country and that our priority should be strengthening our safety net during times of economic dress. now is not the time. in my opinion the commit to be...
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the nation less than two months from going over the fiscal cliff. will they put the country before partisanship? the "a-team" taking that up and more. you see us, at the start of the day. on the company phone list that's a few names longer. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us servrving you, around the country, around the corner. us bank. ♪ lou: well, i am excited to talk to the "a-team" tonight. radio talk-show host, fox is contributor, veteran political consultant, advised president clinton, among others. the american spectator senior editor, fox news contributor. i have to start with you. you called this thing right down the line. you had the best sense of this of any strategist i talked with, and i just want to congratulate you. the idea that the republicans cannot deliver the vote. did somebody forgot to tell that many republic
the nation less than two months from going over the fiscal cliff. will they put the country before partisanship? the "a-team" taking that up and more. you see us, at the start of the day. on the company phone list that's a few names longer. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see...
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Nov 8, 2012
11/12
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fiscal cliff, anyone? sorry, steve. i know you hate that phrase. in the guest spot today helping us identify senators to depoll larize our senate is jimmy williams who worked with dick durb durbin. >> jimmy -- >> that's not easy. >> jimmy, so you heard harry reid's obstructionist mantra before the election. should we expect a softer harry reid to emerge after the election? >> harry reid was a boxer in college, so i think that tells you -- he was a capitol hill policeman before he was a united states senator and the majority leader. that gives you everything you need to know about the majority leader. >> so no, then? >> the answer is i think the comment that you put up on november 2nd was preelection date, and now he is going to be leading an expanded democratic caucus. he wants -- listen, his reputation is on the line e.s the senate to be old school, to get aalong, to do things, to produce things. so i know -- yes, kornacki does hate the words "fiscal cliff," but watch for the fade-away of the gang of six. there's three democrats and republicans th
fiscal cliff, anyone? sorry, steve. i know you hate that phrase. in the guest spot today helping us identify senators to depoll larize our senate is jimmy williams who worked with dick durb durbin. >> jimmy -- >> that's not easy. >> jimmy, so you heard harry reid's obstructionist mantra before the election. should we expect a softer harry reid to emerge after the election? >> harry reid was a boxer in college, so i think that tells you -- he was a capitol hill policeman...
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Dec 2, 2012
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cliff. they believe there will be a short recession and at the end of the recession the economy will go sky high and people well railize that big government is good soup. they believe that use, you have a is what drives us to broadcast the world's biggest events in 3d, or live to your seat high above the atlantic ocean. it's what drives us to create eco-friendly race tracks, batteries that power tomorrow's cars, nearlyndestructible laptops, and the sustainable smart towns of the future. at panasonic, we're driven to make what matters most better. just another way we're engineering a better world for you. >> we knew that those with ties to al qaeda were involved in the attack on the embassy issue and clearly the information given to the american people was wrong. and in fact ambassador rice said today it was wrong. >> we are significantly troubled by the answers we got and we didn't get, certainly overwhelming evidence. >> he is a member of the senate foreign relations committee which would c
cliff. they believe there will be a short recession and at the end of the recession the economy will go sky high and people well railize that big government is good soup. they believe that use, you have a is what drives us to broadcast the world's biggest events in 3d, or live to your seat high above the atlantic ocean. it's what drives us to create eco-friendly race tracks, batteries that power tomorrow's cars, nearlyndestructible laptops, and the sustainable smart towns of the future. at...
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Dec 23, 2012
12/12
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>> you know, i think the fiscal cliff is a great nickname. but i think it is sort of greedy instance of an emergency. like if something doesn't happen by january 1, the entire economy will go into the next great profession. that's not really what's going to happen. there is some great degree of urgency. this is sort of a man-made crisis, i think. i don't think that we have this crushing budget issue that has to be dealt with at this precise moment, or the world will end. i think of seville at a very anemic recovery. there are a lot of people really struggling out there across the country. but our priority should be strengthening our safety net during times of economic duress. now is not the time, in my opinion, to be contemplating significant cuts in things that a lot of struggling working class people who have lost grip of the middle class, spending cuts that are talked about, it could really have a negative impact on people at a time when they need it most. i am much more concerned about increasing getting people out of poverty, rejecting t
>> you know, i think the fiscal cliff is a great nickname. but i think it is sort of greedy instance of an emergency. like if something doesn't happen by january 1, the entire economy will go into the next great profession. that's not really what's going to happen. there is some great degree of urgency. this is sort of a man-made crisis, i think. i don't think that we have this crushing budget issue that has to be dealt with at this precise moment, or the world will end. i think of...
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Sep 9, 2012
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cliff to get republicans to been on raising taxes. is that your position as congress is scheduled to come back? >> i can understand why patty said that in frustration. our position continues to be "let's work together." let's demonstrate to the american people -- >> when you say let's work together, what are democrats going to can see? what are they going to give up? >> we have put forward a plan. we have put forward a budget. when the other side says, even the presidential candidates say, listen, even if you a $10 of tax cuts for every $1 of revenue income, could you least compromise on that? they say no. democrats are not going to design a plan on the backs of beneficiaries. we are not going to stand by and see more tax cuts for billionaires' what people like my mother have to go without. it is personal. that is not going to happen. we have an opportunity -- there is the framework of these plants. hey, give the senate credit. they at least -- led by dick durbin -- they said, all right, we know a compromise has to be done here. but w
cliff to get republicans to been on raising taxes. is that your position as congress is scheduled to come back? >> i can understand why patty said that in frustration. our position continues to be "let's work together." let's demonstrate to the american people -- >> when you say let's work together, what are democrats going to can see? what are they going to give up? >> we have put forward a plan. we have put forward a budget. when the other side says, even the...
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economy to go over that fiscal cliff. i don't think it will happen. i cannot believe congress, the administration, would allow that to happen. but, they have taken us to the brink before and i don't think you could completely rule out that scenario barring that we're not going into recession. >> not at all. not in 2013 and for the rest of this year, 2012, that's not going to happen. >> barring the fiscal cliff. if we can get past that and extend the tax cuts and spending cuts until we can come up with a longer term plan. again, i think the risk of recession is very, very low. stuart: all right, turn it around. what chance that we get a real boom. and we've settled the election and there is a decision on election day, and we get through the lame duck congress, and i mean, to some degree, some uncertainty is solved. what chance of a real boom, 3, 4% growth? >> i think it's there, stuart. again, it's probably only slightly higher than the more negative scenario. first of all, no one is expecting it, so that's the biggest reason that we ought to be talkin
economy to go over that fiscal cliff. i don't think it will happen. i cannot believe congress, the administration, would allow that to happen. but, they have taken us to the brink before and i don't think you could completely rule out that scenario barring that we're not going into recession. >> not at all. not in 2013 and for the rest of this year, 2012, that's not going to happen. >> barring the fiscal cliff. if we can get past that and extend the tax cuts and spending cuts until...
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Nov 30, 2012
11/12
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my view is there is no fiscal cliff or debt cliff. there is a political cliff and he wants to push the republicans off. the debate is how much do republicans will surrender and then get blamed by their party or how much they won't surrender and get blamed for a recession. i have to say for president obama as bad as it looks it may be a winning hand. >> he's certainly playing the hand of someone who as he said in his press conference won the election. there is no compromise here. i think there is a fiscal cliff and there is a political cliff. the president has the upper hand. taxes go up in the way his base want on wealthy people and what he wants to do is say if you don't go along with me you republicans are responsible for raising taxes on the middle class and will be responsible for the recession that's almost certain to come. >> there is no serious debating over avoiding the fiscal cliff. it's a political fight. this is a democratic party that hasn't passed a budget in years. the press corps is on the same page. everyone is asking
my view is there is no fiscal cliff or debt cliff. there is a political cliff and he wants to push the republicans off. the debate is how much do republicans will surrender and then get blamed by their party or how much they won't surrender and get blamed for a recession. i have to say for president obama as bad as it looks it may be a winning hand. >> he's certainly playing the hand of someone who as he said in his press conference won the election. there is no compromise here. i think...
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Nov 11, 2012
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i'll tell you what the mandate is right now, the mandate is that fiscal cliff, the bipartisan mandate. >> paul: to go off it is the mandate or not to go off. >> i think the stock market went off in the last week, people are saying pretty clearly you've got to do something about this now. i think they have a lot of leverage here, because if something isn't done, the economy is going to decline, maybe go into recession and i think employment can get as high as 10%. >> paul: if we had another recession it would have. >> if you're the president of the united states in a second term, you do not want a legacy, unemployment-- >> the lesson, don't give in at all, you won and if you go off a cliff, you blame them and they'll get the blame. >> he has no other term. i think obama's going to start thinking about his legacy and i predict he may throw the left over the side to do a deal with the republicans that enhances his legacy. >> paul: kim, is there any evidence from the first term that the president is about to slow the left over the side? and working-- he governs to the left in the first te
i'll tell you what the mandate is right now, the mandate is that fiscal cliff, the bipartisan mandate. >> paul: to go off it is the mandate or not to go off. >> i think the stock market went off in the last week, people are saying pretty clearly you've got to do something about this now. i think they have a lot of leverage here, because if something isn't done, the economy is going to decline, maybe go into recession and i think employment can get as high as 10%. >> paul: if...
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Sep 11, 2012
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and go up to 9.1% if we go over this fiscal cliff and stay over this fiscal cliff. there is a scenario, and i'll talk about that a little more maybe later about solution scenarios. there is one that i am impartial towards. i'm partial toward the number. but there is one that says, the fiscal cliff is really more of a fiscal slope. if you go in and start going down all the damage c.b.o. predicts will not occur if you turn around and go right back up. so that's the lay of the land, the history, what we're looking at here, and before i go on and talk about other things, i thought, linda, if it is ok with you, i will see if there is any questions. >> is there any consequence at o.m.b. did not pass its budget transparancy? >> is there any consequence in terms of legal action or something? >> yeah, that, and also, you hear these agencies can't plan for the future, the private sector cannot plan for the future. what is the result of that of not knowing what's coming? >> that's a much bigger question. that has to do with the impact of the fiscal cliff. in your case, by the
and go up to 9.1% if we go over this fiscal cliff and stay over this fiscal cliff. there is a scenario, and i'll talk about that a little more maybe later about solution scenarios. there is one that i am impartial towards. i'm partial toward the number. but there is one that says, the fiscal cliff is really more of a fiscal slope. if you go in and start going down all the damage c.b.o. predicts will not occur if you turn around and go right back up. so that's the lay of the land, the history,...
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cliff. it's a very good question so just just imagine for a second to john boehner and you want to work with president obama how do you do that if you've demonized him to the extent that you have to his base that's one of the things that's so destructive about the what the republicans have had done over the last two to four years i don't see how they go back now and start working with president obama and you know to rachel's point which he was just saying ok you know we can talk about the global economy and foreign investment stuff like that i think those are all really good ideas but every country has to wrestle with some very basic things were guarding spending and taxes and we have a massive deficit in this country it's not one party's fault it's both parties fault to some extent and that's something that we have to wrestle with are we going to increase revenue are we going to cut spending we're going to do a little bit of both the republicans have given us absolutely no maneuverability o
cliff. it's a very good question so just just imagine for a second to john boehner and you want to work with president obama how do you do that if you've demonized him to the extent that you have to his base that's one of the things that's so destructive about the what the republicans have had done over the last two to four years i don't see how they go back now and start working with president obama and you know to rachel's point which he was just saying ok you know we can talk about the...
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Dec 22, 2012
12/12
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the defense contractors, medicare doctors if we go off the fiscal cliff, get a 25% cut. so how does all the political pressure from the constituents and powerful players come from the economic pain, does the political pressure come quick enough before we get into the real economic pain? or does it go the other way? we get into the economic pain, or the economic pressure doesn't come in the right way or causes economic grid? the thing that worries me, if we go a month without the resolution we begin to run into a debt ceiling. and if we're going into a fiscal cliff ceiling, the contraction of government policy, and then on top of that we have a debt ceiling crisis, we're going to leash an economic hell that will be like lehman in 2008. >> my reaction, the sense of this, it is why i'm relaxed going off the curb because i never believed we would hit the month and month and a half. and now if i'm wrong, you and i are both staying up nights. but my sense is that all capitol hill needs is being off the cliff for a day or two. and those people that are preventing boehner from g
the defense contractors, medicare doctors if we go off the fiscal cliff, get a 25% cut. so how does all the political pressure from the constituents and powerful players come from the economic pain, does the political pressure come quick enough before we get into the real economic pain? or does it go the other way? we get into the economic pain, or the economic pressure doesn't come in the right way or causes economic grid? the thing that worries me, if we go a month without the resolution we...
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Nov 3, 2012
11/12
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WETA
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gwen: this fiscal cliff -- >> fisticuffs, i thought you were going to say. gwen: well, it could be. what difference would it make depending on who is elected, what happens in a lame duck session which begins the following week? >> it makes so much difference that they can't plan for it without knowing who the president's going to be. if president obama gets re-elected, i think, you know, he basically know what is he wants to do. the question is -- how quickly he goes out with a plan. you know, he's got on the shelf his fiscal framework which people will dispute the numbers like simpson-bowles. will he butt that down and tweak it some in a way that gives the concession to republicans to show his good faith, bring it to the table and get something done fast? and in doing something like that getting the bipartisan support to, you know, detrigger this fiscal cliff, all of these spending cuts an tax increases that would otherwise happen at the end of the year? if it's mitt romney who gets elected, i think -- you know, he doesn't have that kind of plan on the shelf. we all know how big hi
gwen: this fiscal cliff -- >> fisticuffs, i thought you were going to say. gwen: well, it could be. what difference would it make depending on who is elected, what happens in a lame duck session which begins the following week? >> it makes so much difference that they can't plan for it without knowing who the president's going to be. if president obama gets re-elected, i think, you know, he basically know what is he wants to do. the question is -- how quickly he goes out with a...
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this election was a terminal and what is going to happen at the fiscal cliff you know democrats were running on raising taxes a modest percentage on wealthy people republicans are saying absolutely not and it seems like the voters have said you know we want the democrats' plan but let's look at what is this fiscal cliff i mean you mentioned greece at the beginning there briefly this is austerity the what happens with the fiscal cliff is austerity and you would think republicans would be all about that they want to see the fiscal cliff the only problem is this is also austerity for wealthy people not just working people it's old and it's austerity for the militants going to tell you it's going to tax increases for the wealthy and it's going to be cuts to wealthy defense contractors just across the bridge of virginia where i think it's more than that it's every person that owns a diner or has you know a jiffy lube or delivers pizza is also going to be affected because people can't afford to order pizza i mean it's not just if the if the same thing as do you that government jobs aren't
this election was a terminal and what is going to happen at the fiscal cliff you know democrats were running on raising taxes a modest percentage on wealthy people republicans are saying absolutely not and it seems like the voters have said you know we want the democrats' plan but let's look at what is this fiscal cliff i mean you mentioned greece at the beginning there briefly this is austerity the what happens with the fiscal cliff is austerity and you would think republicans would be all...
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Dec 3, 2012
12/12
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but another fiscal cliff was on the horizon, and that is the debt. but they also want to do, timothy geithner said, we are going to take away from congress approval of raising the debt ceiling. we can do it on our own. that is an outrage. congress has the power of the not this president to spend more money we don't have. megyn: even alan colmes was on the programs they shouldn't get congressional approval for that. but where is the republican proposal? they say that they want to close loopholes and get rid of some deductions, but when it comes to big issues, which is paring back spending, what are they proposing? over the weekend, mitch mcconnell, the senate minority leader, he offered a few nuggets and i would like to get your thoughts. he said increase the medicare eligibility age, ask wealthier americans to pay higher medicare premiums. and possibly paring back the cost of living increases, giving to social security beneficiaries. those are three specific so we have heard so far from the gop side. what are your thoughts on that? >> i think that is
but another fiscal cliff was on the horizon, and that is the debt. but they also want to do, timothy geithner said, we are going to take away from congress approval of raising the debt ceiling. we can do it on our own. that is an outrage. congress has the power of the not this president to spend more money we don't have. megyn: even alan colmes was on the programs they shouldn't get congressional approval for that. but where is the republican proposal? they say that they want to close loopholes...
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Dec 29, 2012
12/12
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the flashing orange lights warn of a fiscal cliff. >> that is funny. i like that. >> and they give the dates as january and february. but let's get back to washington, no one's really laughing there right now. president obama says he's modestly optimistic about the prospects for a deal after meeting with top political leaders. and now it's up to the senate to come up with and agree upon a plan. senate majority leader harry reid and mitch mcconnell say they are hoping to have a plan ready for a vote when both houses reconvene on sunday. >>> in michigan, republican governor rick snyder signed a new abortion law for his state. the controversial measure requires any clinic that performs more than 120 abortions a year to become a quote licensed free standing surgical outpatient facility. it also takes steps to ensure pregnant women are not being coerced into a decision and includes rules that a physician must follow to, quote, properly and respectfully dispose of fetal remains. supporters say the bill protects the patients. critics argue it will force clini
the flashing orange lights warn of a fiscal cliff. >> that is funny. i like that. >> and they give the dates as january and february. but let's get back to washington, no one's really laughing there right now. president obama says he's modestly optimistic about the prospects for a deal after meeting with top political leaders. and now it's up to the senate to come up with and agree upon a plan. senate majority leader harry reid and mitch mcconnell say they are hoping to have a plan...
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Dec 12, 2012
12/12
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the markets will respond badly if we go over the fiscal cliff. foreign investors will respond badly if america goes over the fiscal cliff at the end of this year. there's a sense, i'm hearing, increasing pessimism among republicans that say we can't afford to have these kinds of talks, even the stalling process doesn't look good for the country. >> there's other incentives that are bringing both republicans, especially the white house, to the table with respect to the fiscal cliff. we did reporting on this. >> your bosom buddy. >> yeah, but there's stimulus the white house wants as a result of the fiscal cliff deal. they don't want to see a lapse, for instance, in the payroll tax cut. although they'd be fine with it being replaced by something else. unemployment insurance passed, infrastructure spending, those are incentives for the white house to cut a deal on the fiscal cliff as opposed to just going over it and saying, okay, we'll just take the, you know, sequester cuts and bush tax rates. >> that's right, and they were willing to do that in 2
the markets will respond badly if we go over the fiscal cliff. foreign investors will respond badly if america goes over the fiscal cliff at the end of this year. there's a sense, i'm hearing, increasing pessimism among republicans that say we can't afford to have these kinds of talks, even the stalling process doesn't look good for the country. >> there's other incentives that are bringing both republicans, especially the white house, to the table with respect to the fiscal cliff. we did...
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Nov 28, 2012
11/12
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. >> if not, we go off the supposed cliff. >> the fiscal cliff or slope. the bump of various height. >>> thelma and louise might need to make room in the car for the president of the united states. at the white house today, senior obama administration officials met with liberal leaders and union officials. "the washington post" reports that one told him after the meeting, quote, would the white house go off the cliff if it's between that and compromising their core principles? i was left with the impression that they would. illinois democratic senator dick durbin spoke today at the liberal center for american progress where he said this about the possibility of going off the cliff which fears of this show know is is really more of a curb than a cliff. >> some have called let's go over the cliff and watch what happens. we know if we're not careful, it will in fact stop economic growth and hurt everyone through every income category, particularly those most vulnerable. >> what he did not say is he must not go off the cliff. because the cliff is president oba
. >> if not, we go off the supposed cliff. >> the fiscal cliff or slope. the bump of various height. >>> thelma and louise might need to make room in the car for the president of the united states. at the white house today, senior obama administration officials met with liberal leaders and union officials. "the washington post" reports that one told him after the meeting, quote, would the white house go off the cliff if it's between that and compromising their...
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Nov 10, 2012
11/12
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it's 52 days until the country comes face-to-face with the so-called fiscal cliff. that would be a hike of $400,000 a year for all married couples with two kids and that's just the beginning. if approximate we go off the fiscal cliff, we he could see unemployment back at 9.1%. what we face, coming up. but we start with news from the sunshine state. in florida, nbc news now jekting president obama to be the winner in florida. it only took them four days after the election to be done. that puts president obama at 332 votes and president obama at 206 electoral votes. meanwhile, we've got a new result to bring you from california as well. republican congresswoman mary bono mack has conceded defeat so democrat ruiz will take office. bono mack served 14 years in office and she connie mack also lost election this year. >>> the obama administration pushing back, a deadline for the state to submit plans for health care exchange. a piece of the affordable health care act. they will now have an extra three weeks. states have the option of stepping aside and allowing the federa
it's 52 days until the country comes face-to-face with the so-called fiscal cliff. that would be a hike of $400,000 a year for all married couples with two kids and that's just the beginning. if approximate we go off the fiscal cliff, we he could see unemployment back at 9.1%. what we face, coming up. but we start with news from the sunshine state. in florida, nbc news now jekting president obama to be the winner in florida. it only took them four days after the election to be done. that puts...
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Nov 10, 2012
11/12
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we are on the fiscal cliff now. lou: good evening, everybody. the presidential election, the balance of power in congress has been decided, but this is certainly t the new beginning president obama had once envisioned. with the country set to hit the so-called fiscal cliff at year's end president obama and congress are seemingly committed to repeating their rhetoric and, perhaps, their mistakes as they ostensibly work toward avoiding the calamity of going over that fiscal clef. house speaker this morningade it clear. he thinks this is the president's moment, and he called upon the president to lead, and he called on the president to find middle ground between abitterly divided republican house and democratically controlled senate now, this is an opportunity for the president to lead. >> this is his moment to engage the congress and work toward a solution that can pass both chambers. and earlier this week the president and i had a short conversation. it was cordial. i think we both understand that trying to find a way to avert the fiscal cliff is
we are on the fiscal cliff now. lou: good evening, everybody. the presidential election, the balance of power in congress has been decided, but this is certainly t the new beginning president obama had once envisioned. with the country set to hit the so-called fiscal cliff at year's end president obama and congress are seemingly committed to repeating their rhetoric and, perhaps, their mistakes as they ostensibly work toward avoiding the calamity of going over that fiscal clef. house speaker...
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Aug 29, 2012
08/12
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CNBC
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number one, the fiscal cliff and what the economic impact could be if we did get a full fiscal cliff. but also, looked at the impact of various industries and specific companies. and the second thing we tackled was looking at the business outlook, the outlook, what corporates are saying now about the current outlook and how it compares to 2008. with regard to your question, if it hits in full effect and we don't think it will, we think there is a 15% likelihood that fiscal cliff will hit, and i can go to that in some detail -- >> that's fine, 15%. what would the impact be on gdp? >> for first quarter of 2013, our economist neil sauce thinks real gdp could be negative 5%. >> holy smokes! >> and potentially negative 3% for q2 before we eventually see a bit of a recovery in the fourth quarter of next year. that's significantly worse forecast than what anybody is expecting. that's not our base forecast. by the way. >> sure. what do you do in that case? give me a good idea if you want to prepare your portfolio for that possibility. >> sure, so a couple of things. by the sector level, not t
number one, the fiscal cliff and what the economic impact could be if we did get a full fiscal cliff. but also, looked at the impact of various industries and specific companies. and the second thing we tackled was looking at the business outlook, the outlook, what corporates are saying now about the current outlook and how it compares to 2008. with regard to your question, if it hits in full effect and we don't think it will, we think there is a 15% likelihood that fiscal cliff will hit, and i...
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Nov 14, 2012
11/12
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it takes the edge off the fiscal cliff. let's also then commit ourselves to the broader package of deficit reduction. that includes entitlement changes and it includes potential tax reform. as well as i am able to look at discretionary spending on that side. i want a big deal, a comprehensive deal area i want to see if we can, you know, at least for the foreseeable future, provide certainty to businesses and the american people that we can focus on job growth. so that we are also investing in the things that we need. but right now i want to make sure of is the taxes on middle-class families don't go up. and there is a very easy way to do that. we could get it done by next week. >> thank you, mr. president. on immigration reform, the criticism in the past has been that you did not put forth legislation with specific ideas and sent it up to the hill. you have said that this will be one of the top priorities for a second term. will you then send legislation to the hill? exactly what do you envision is broad immigration reform?
it takes the edge off the fiscal cliff. let's also then commit ourselves to the broader package of deficit reduction. that includes entitlement changes and it includes potential tax reform. as well as i am able to look at discretionary spending on that side. i want a big deal, a comprehensive deal area i want to see if we can, you know, at least for the foreseeable future, provide certainty to businesses and the american people that we can focus on job growth. so that we are also investing in...
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Sep 24, 2012
09/12
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they will be facing this fiscal cliff, and if doing exactly what it intended to do it will force them to concentrate. i believe there will be a lame duck session of congress in which they will either reach the beginnings of a budget deal or more likely agree to some sort of period of time to avoid the fiscal cliff and make the budget deal then. i think that as soon as this election is over the incentive for gridlock will go way down and the incentives for action will go way up. >> jeff: california could become the fifth state tow eliminate the death penalty if voters there approve one of the most closely watched measures on this november's ballot. what the voters end up deciding will carry financial and emotional consequences. john blackstone reports. >> reporter: nearly two decades have passed since 12-year-old pauley klassa was skid napped from the bedroom of her california home. her body was found weeks later after a desperate nationwide search. when her convicted killer richard allen davis was sentenced to death, paulie's father mark was in the courtroom. >> justice at last, that'
they will be facing this fiscal cliff, and if doing exactly what it intended to do it will force them to concentrate. i believe there will be a lame duck session of congress in which they will either reach the beginnings of a budget deal or more likely agree to some sort of period of time to avoid the fiscal cliff and make the budget deal then. i think that as soon as this election is over the incentive for gridlock will go way down and the incentives for action will go way up. >> jeff:...